Market Newsdesk

Impinj to Participate in Piper Sandler Global Technology Conference

SEATTLE–(BUSINESS WIRE)–
Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that Chris Diorio, Impinj co-founder and CEO will participate in the virtual Piper Sandler Global Technology Conference to be held on September 13-14, 2021.

A pre-recorded presentation for the conference will be available on the Impinj website at investor.impinj.com. for 90 days beginning at 4:00 p.m. ET on September 9, 2021.

Impinj will also participate in one-on-one meetings on September 14, 2021 during the conference. Meetings may be requested exclusively via Piper Sandler.

About Impinj

Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005864/en/

Investor Relations

Andy Cobb, CFA

Vice President Strategic Finance

+1 206-315-4470

[email protected]

Media Relations

Jill West

Vice President, Strategic Communications

+1 206-834-1110

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Technology Networks Internet Consumer Electronics

MEDIA:

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Argan, Inc. Reports Second Quarter Results

ROCKVILLE, Md.–(BUSINESS WIRE)–Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced financial results for its second quarter ended July 31, 2021. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

Summary Information (dollars in thousands, except per share data)

		July 31,
		2021			2020			Change
For the Quarter Ended:
Revenues		$	133,008		$	87,492		$	45,516
Gross profit			27,652			15,630			12,022
Gross margin %			20.8	%		17.9	%		2.9	%
Net income attributable to the stockholders of the Company		$	12,870		$	5,609		$	7,261
Diluted per share			0.81			0.36			0.45
EBITDA attributable to the stockholders of the Company			18,145			8,153			9,992
Diluted per share			1.14			0.52			0.62
Cash dividends per share			0.25			1.25	(1)		(1.00)

		July 31,			January 31,
As of:		2021			2021			Change
Cash, cash equivalents and short-term investments		$	491,480		$	456,726		$	34,754
Net liquidity (2)			290,309			270,133			20,176
RUPO (3)			467,877			552,531			(84,654)

---

(1)		The Company declared and paid a $1.00 per share special dividend during the three months ended July 31, 2020.
(2)		Net liquidity, or working capital, is defined as total current assets less total current liabilities.
(3)		The amount of remaining unsatisfied performance obligations (“RUPO”) represents the project backlog related to active contracts with customers, as determined under revenue recognition rules.

“We are pleased to announce our most profitable quarter since 2018 with $0.81 in earnings per share, which is our fourth consecutive quarter of earnings per share equal to or in excess of $0.60,” Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, said. “All of our business segments generated gross profit margins in excess of 20% and we are on pace to generate over $0.5 billion in revenues for the fiscal year. These successes during the ongoing COVID-19 pandemic reflect the talent and adaptability of our employees. We have reached peak construction on the Guernsey Power Station, which is the largest single-phase gas-fired power plant construction project in the US. Additionally, we started work on an EPC services contract to build one of the largest solar power plants in Pennsylvania, which complements our core gas-fired power plant business.”

Consolidated revenues for the quarter ended July 31, 2021 were $133.0 million, which represented an increase of $45.5 million, or 52.0%, from consolidated revenues of $87.5 million reported for the three months ended July 31, 2020. The increase was primarily due to increasing revenues at Gemma Power Systems associated with the ongoing construction of the Guernsey Power Station and the initial construction activities on the Maple Hill solar energy facility which began in May 2021. The combined revenues associated with these two projects represented 67.3% of consolidated revenues for the three months ended July 31, 2021. Additionally, revenues at The Roberts Company, our industrial fabrication and field services segment, increased by $13.5 million, or 80.7%, to $30.2 million for the period compared to revenues of $16.7 million for the three months ended July 31, 2020. Our businesses were adversely impacted by the COVID-19 outbreak during the three months ended July 31, 2020; the effects were minimized during the current quarter.

Consolidated gross profit for the three-month period ended July 31, 2021 was $27.7 million, which is primarily a reflection of increased consolidated revenues. The gross profit percentages of corresponding revenues for the power industry services, industrial services and the telecommunications infrastructure segments were 20.7%, 20.9% and 21.8%, respectively, for the quarter ended July 31, 2021.

Selling, general and administrative expenses for the three months ended July 31, 2021 and 2020 were $10.3 million, or 7.8% of corresponding consolidated revenues, and $9.1 million, or 10.4% of corresponding consolidated revenues, respectively.

Due primarily to the consolidated pre-tax book income reported for the three-month period ended July 31, 2021 in the amount of $17.1 million, we reported income tax expense in the amount of $4.2 million, which represents an effective income tax rate of 24.6% for the period. For the three-month period ended July 31, 2020, we recorded an income tax expense of $1.4 million which represented an effective income tax rate of approximately 20.0% for the three-month period.

For the three months ended July 31, 2021, our improved overall operating performance resulted in net income attributable to our stockholders in the amount of $12.9 million, or $0.81 per diluted share, compared to $5.6 million, or $0.36 per diluted share, in the prior year quarter.

For the six months ended July 31, 2021, our improved overall operating performance resulted in net income attributable to our stockholders in the amount of $23.6 million, or $1.48 per diluted share, compared to $4.8 million, or $0.31 per diluted share, in the prior year period.

As of July 31, 2021, cash, cash equivalents and short-term investments totaled $491 million and net liquidity was $290 million; furthermore, the Company had no debt. The Company’s consolidated amount of RUPO was approximately $0.5 billion as of July 31, 2021.

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including but not limited to the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains and the resurgence of the COVID-19 pandemic due to the spread of the Delta variant. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.

 

ARGAN, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share data) (Unaudited)
		Three Months Ended						Six Months Ended
		July 31,						July 31,
		2021			2020			2021			2020
REVENUES		$	133,008		$	87,492		$	259,349		$	147,640
Cost of revenues			105,356			71,862			207,983			128,001
GROSS PROFIT			27,652			15,630			51,366			19,639
Selling, general and administrative expenses			10,331			9,085			20,223			19,429
INCOME FROM OPERATIONS			17,321			6,545			31,143			210
Other (expense) income, net			(260)			451			452			1,539
INCOME BEFORE INCOME TAXES			17,061			6,996			31,595			1,749
Income tax (expense) benefit			(4,191)			(1,397)			(7,959)			3,057
NET INCOME			12,870			5,599			23,636			4,806
Net loss attributable to non-controlling interests			—			(10)			—			(40)
NET INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.			12,870			5,609			23,636			4,846
Foreign currency translation adjustments			(139)			(83)			(257)			(329)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.		$	12,731		$	5,526		$	23,379		$	4,517
NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
Basic		$	0.82		$	0.36		$	1.50		$	0.31
Diluted		$	0.81		$	0.36		$	1.48		$	0.31
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
Basic			15,769			15,653			15,748			15,648
Diluted			15,982			15,788			15,978			15,767
CASH DIVIDENDS PER SHARE		$	0.25		$	1.25		$	0.50		$	1.50

ARGAN, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data)
		July 31,			January 31,
		2021			2021
		(Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$	451,415		$	366,671
Short-term investments			40,065			90,055
Accounts receivable, net			43,120			28,713
Contract assets			25,377			26,635
Other current assets			37,679			34,146
TOTAL CURRENT ASSETS			597,656			546,220
Property, plant and equipment, net			19,209			20,361
Goodwill			27,943			27,943
Other purchased intangible assets, net			3,644			4,097
Deferred taxes			—			249
Right-of-use and other assets			3,537			3,760
TOTAL ASSETS		$	651,989		$	602,630
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable		$	44,317		$	53,295
Accrued expenses			49,308			50,750
Contract liabilities			213,722			172,042
TOTAL CURRENT LIABILITIES			307,347			276,087
Deferred taxes			751			—
Other noncurrent liabilities			3,356			4,135
TOTAL LIABILITIES			311,454			280,222
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.10 per share – 500,000 shares authorized; no shares issued and outstanding			—			—
Common stock, par value $0.15 per share – 30,000,000 shares authorized; 15,772,673 and 15,706,202 shares issued at July 31, 2021 and January 31, 2021, respectively; 15,769,440 and 15,702,969 shares outstanding at July 31, 2021 and January 31, 2021, respectively			2,366			2,356
Additional paid-in capital			155,904			153,282
Retained earnings			181,862			166,110
Accumulated other comprehensive loss			(1,338)			(1,081)
TOTAL STOCKHOLDERS’ EQUITY			338,794			320,667
Non-controlling interests			1,741			1,741
TOTAL EQUITY			340,535			322,408
TOTAL LIABILITIES AND EQUITY		$	651,989		$	602,630

ARGAN, INC. AND SUBSIDIARIES Reconciliation to EBITDA (In thousands) (Unaudited)
		Three Months Ended
		July 31,
		2021			2020
Net income, as reported		$	12,870		$	5,599
Income tax expense			4,191			1,397
Depreciation			859			921
Amortization of purchased intangible assets			225			226
EBITDA			18,145			8,143
EBITDA of non-controlling interests			—			(10)
EBITDA attributable to the stockholders of Argan, Inc.		$	18,145		$	8,153

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005858/en/

Company:

Rainer Bosselmann

301.315.0027

Investor Relations:

David Watson

301.315.0027

KEYWORDS: Europe United States United Kingdom North America District of Columbia Maryland

INDUSTRY KEYWORDS: Other Energy Utilities Oil/Gas Nuclear Coal Alternative Energy Energy Technology Other Communications Communications Other Technology Telecommunications

MEDIA:

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ViacomCBS CFO Naveen Chopra to Participate in the Virtual BofA Securities 2021 Media, Communications and Entertainment Conference

NEW YORK–(BUSINESS WIRE)–
ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer, will participate in a question and answer session during the virtual BofA Securities 2021 Media, Communications and Entertainment Conference on Tuesday, September 14, 2021 at 11:15 a.m. ET.

A live audio webcast will be available on the Investors homepage of ViacomCBS’ website (ir.viacomcbs.com). A replay of the audio webcast will be available in the Events, Webcasts & Annual Meetings section of ViacomCBS’ Investors website.

ABOUT VIACOMCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution, and advertising solutions for partners on five continents.

For more information about ViacomCBS, please visit www.viacomcbs.comand follow @ViacomCBS on social platforms.

VIAC-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005837/en/

Press:

Justin Dini

Executive Vice President, Corporate Communications

(212) 846-2724

[email protected]

Peter Collins

Vice President, Corporate Communications

(917) 826-4182

[email protected]

Justin Blaber

Senior Director, Corporate Communications

(646) 823-6616

[email protected]

Pranita Sookai

Director, Corporate Communications

(718) 316-2182

[email protected]

Investors:

Anthony DiClemente

Executive Vice President, Investor Relations

(917) 796-4647

[email protected]

Jaime Morris

Vice President, Investor Relations

(646) 824-5450

[email protected]

Robert Amparo

Manager, Investor Relations

(347) 223-1682

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Entertainment Communications General Entertainment Other Communications Publishing Public Relations/Investor Relations

MEDIA:

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MVB Bank, Victor and NYDIG Announce Partnership to Offer Industry’s First White Label Bitcoin and Banking Platform to Fintechs

Partnership to Integrate Bitcoin Products into MVB Bank’s Industry-Leading Banking-as-a-Service Offering for Fintechs, Powered by NYDIG’s Secure, Regulated, Full-Stack Bitcoin Platform

FAIRMONT, W.Va. & NEW YORK–(BUSINESS WIRE)–
MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”) and Victor Technologies, Inc. (“Victor”), a wholly-owned subsidiary of MVB Edge Ventures, Inc., today announced a partnership with NYDIG, a leading technology and financial services firm dedicated to Bitcoin, to integrate Bitcoin into MVB’s industry-leading Banking-as-a-Service (BaaS) solutions. This partnership will allow MVB’s Fintech clients to offer Bitcoin-related products – all powered by NYDIG’s secure, regulated, full-stack platform – alongside the banking products MVB enables today.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210907005839/en/

MVB Bank currently empowers more than 50 Fintech, Payments and Gaming clients and millions of their clients via its diversified banking and payments solutions.

“On today’s rapidly changing financial frontier, we are proud to partner with a firm like NYDIG,” said Larry F. Mazza, CEO and President, MVB Financial. “NYDIG has a vision to make Bitcoin more accessible. Adding Bitcoin functionality to MVB’s already industry-leading Banking-as-a-Service solutions will propel that vision into reality and help our clients compete.”

“MVB created the Victor platform to make it faster and easier to launch and scale Fintech, Gaming, Digital Asset and Payments solutions,” said Matt West, Chief Strategy Officer, MVB Financial, and Executive Chairman, Victor. “We are thrilled that NYDIG chose to leverage Victor to integrate with MVB and that our developer-friendly APIs accelerated the timeline to launch this exciting program.”

Fintechs looking to integrate Bitcoin into their offering will now have a turnkey solution capable of delivering both traditional banking products and a range of Bitcoin products such as trading and rewards.

“Our partnership with MVB represents an important milestone for Bitcoin,” said Patrick Sells, NYDIG Chief Innovation Officer. “Up to this point, only a select few fintech companies have been able to offer Bitcoin products and services, and it has been difficult to achieve. Now the industry has its first turnkey platform to seamlessly deliver white label banking and Bitcoin products side by side. I can’t wait to see how this partnership will help MVB’s clients – across fintech, gaming and beyond – to continue to innovate.”

About MVB Financial Corp.

MVB Financial Corp. (“MVB Financial” or “MVB”), the innovative financial holding company of MVB Bank, is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., (“MVB Bank”) and the bank’s subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit ir.mvbbanking.com.

About Victor

A wholly-owned subsidiary of MVB Edge Ventures, Victor Technologies, Inc. (“Victor”) makes it faster and easier to launch and scale a broad spectrum of Fintech solutions for the Gaming, Payments, Banking-as-a-Service and Digital Asset sectors. Fintech developers can build solutions to manage and move money in a matter of weeks with developer-friendly APIs. Banks can onboard and manage more programs with Victor’s tailored due diligence, risk assessment and oversight workflow tools. Recognizing the complexity of the Fintech ecosystem, Victor also supports seamless integration with a proven network of value-added technology and service providers. For more information, visit https://victorfi.com/.

About NYDIG

NYDIG provides Bitcoin technology and financial services solutions to banks, insurers, corporations and institutions. The firm and its products meet the industry’s highest regulatory, audit, and governance standards. Learn more at nydig.com, or connect on LinkedIn and Twitter.

Forward-looking Statements

MVB Financial Corp. has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this Press Release. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries, as well as statements regarding MVB’s future plans with regard to its Fintech line of business. When words such as “plans,” “believes,” “expects,” “anticipates,” “continues,” “may” or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include but are not limited to: credit risk; changes in market interest rates; revaluation of equity investments, including MVB’s investments in Fintech companies; inability to further scale up the Fintech line of business; competition; economic downturn or recession; and government regulation and supervision. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005839/en/

MEDIA CONTACTS

MVB Bank and Victor:

Amy Baker

VP, Corporate Communications & Marketing

[email protected]

(844) 682-2265

NYDIG:

Conor Shea

Edelman

[email protected]

MVB INVESTOR RELATIONS

Marcie Lipscomb

[email protected]

(844) 682-2265

KEYWORDS: West Virginia New York United States North America

INDUSTRY KEYWORDS: Data Management Banking Technology Professional Services Security Other Technology Software Other Professional Services Networks Mobile/Wireless Finance

MEDIA:

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Nanobiotix to Present at the H.C. Wainwright 23^rd Annual Global Investment Conference

PARIS & CAMBRIDGE, Mass.–(BUSINESS WIRE)–
Regulatory News:

NANOBIOTIX (Euronext: NANO – NASDAQ: NBTX – the ‘‘Company’’), a late-clinical stage biotechnology company pioneering physics-based approaches to expand treatment possibilities for patients with cancer, today announced that Laurent Levy, Chief Executive Officer, will present the Company’s latest corporate and clinical developments during a webcast at the virtual H.C. Wainwright 23^rd Annual Global Investment Conference. The presentation will be available on-demand starting at 7:00 AM EDT / 1:00 PM CET on Monday, September 13, 2021.

A webcast of the event will be available for 90 days on the events section of the Company’s website.

About NANOBIOTIX:

Nanobiotix is a late-stage clinical biotechnology company pioneering disruptive, physics-based therapeutic approaches to revolutionize treatment outcomes for millions of patients; supported by people committed to making a difference for humanity. The company’s philosophy is rooted in the concept of pushing past the boundaries of what is known to expand possibilities for human life.

Incorporated in 2003, Nanobiotix is headquartered in Paris, France. The company also has subsidiaries in Cambridge, Massachusetts (United States), France, Spain, and Germany. Nanobiotix has been listed on Euronext: Paris since 2012 and on the Nasdaq Global Select Market in New York City since December 2020.

Nanobiotix is the owner of more than 30 umbrella patents associated with three (3) nanotechnology platforms with applications in 1) oncology; 2) bioavailability and biodistribution; and 3) disorders of the central nervous system. The company’s resources are primarily devoted to the development of its lead product candidate– NBTXR3—which is the product of its proprietary oncology platform and has already achieved market authorization in Europe for the treatment of patients with soft tissue sarcoma under the brand name Hensify®.

For more information about Nanobiotix, visit us at www.nanobiotix.com or follow us on LinkedIn and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005832/en/

Nanobiotix

Communications Department

Brandon Owens

VP, Communications

+1 (617) 852-4835

[email protected]

Investor Relations Department

Kate McNeil

SVP, Investor Relations

+1 (609) 678-7388

[email protected]

Media Relations

France – Ulysse Communication

Pierre-Louis Germain

+ 33 (0) 6 64 79 97 51

[email protected]

US – Porter Novelli

Dan Childs

+1 (781) 888-5106

[email protected]

KEYWORDS: Europe United States North America France New York

INDUSTRY KEYWORDS: Biotechnology Health Genetics Pharmaceutical Clinical Trials

MEDIA:

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Datto to Present at Jefferies Virtual Software Conference

NORWALK, Conn.–(BUSINESS WIRE)–Datto Holding Corp. (Datto) (NYSE: MSP), the leading global provider of cloud-based software and security solutions purpose-built for delivery by managed service providers (MSPs), today announced that Tim Weller, Chief Executive Officer and John Abbot, Chief Financial Officer, are scheduled to present at the Jefferies Virtual Software Conference on Tuesday, September 14, 2021, at 1:00 p.m. ET. A live webcast of the presentation will be accessible by visiting Datto’s investor website at investors.datto.com. An archived version will be available shortly after the completion of the presentation.

About Datto

As the world’s leading provider of cloud-based software and security solutions purpose-built for delivery by managed service providers (MSPs), Datto believes there is no limit to what small and medium businesses (SMBs) can achieve with the right technology. Datto’s proven Unified Continuity, Networking, and Business Management solutions drive cyber resilience, efficiency, and growth for MSPs. Delivered via an integrated platform, Datto’s solutions help its global ecosystem of MSP partners serve over one million businesses around the world. From proactive dynamic detection and prevention to fast, flexible recovery from cyber incidents, Datto’s solutions defend against costly downtime and data loss in servers, virtual machines, cloud applications, or anywhere data resides. Since its founding in 2007, Datto has won numerous awards for its product excellence, superior technical support, rapid growth, and for fostering an outstanding workplace. With headquarters in Norwalk, Connecticut, Datto has global offices in Australia, Canada, China, Denmark, Germany, Israel, the Netherlands, Singapore, and the United Kingdom.

MSP-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005785/en/

Investor:

Ryan Burkart

[email protected]

Media:

Shoba V. Lemoine

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Networks Internet Security Technology Software

MEDIA:

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Regional Management Corp. Announces Appointment of Chris Peterson as New Chief Data and Analytics Officer

GREENVILLE, S.C.–(BUSINESS WIRE)–
Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has appointed Chris Peterson to the newly created position of Chief Data and Analytics Officer, effective immediately.

“Chris’s distinguished career and vast expertise in data sciences make him the ideal fit to head our data and analytics team in support of our growth strategies, including our digital initiatives,” said Rob Beck, President and Chief Executive Officer of Regional Management Corp. “We have generated considerable growth in 2021 in digitally-sourced originations, and with the addition of Chris, we are further strengthening our investment in our omni-channel model. Chris will also be a driving force in further optimizing our underwriting and risk management capabilities, including through the introduction of alternative data sources, which will help to ensure that we continue to generate sustainable long-term growth and value for our shareholders.”

Mr. Peterson has over 20 years of digitally-driven data and analytics experience, with extensive expertise in technology, analytics, data systems, and risk management. Mr. Peterson spent the last 15 years at Capital One, where he was most recently the Head of Data Science and Data Strategy for Capital One’s Card business, leading the modeling teams that developed core underwriting, marketing, valuation and fraud models utilizing the power of machine learning, large-scale data processing, and cloud architecture. Additionally, he brought many new alternative data sources into use and enhanced the architecture and usability of existing data sources to greatly increase the quality of information used in underwriting. He also held various lead positions within the Model Risk Office at Capital One, including Assistant Chief Model Risk Officer. Mr. Peterson received his BS and MS in Statistics from Brigham Young University.

“I am excited to join Regional and to be working with such a talented and collaborative team,” said Mr. Peterson. “Regional has made significant strides with its digital initiatives, and as we further evolve our omni-channel strategy, I believe there is a wealth of opportunity to optimize our data and analytical capabilities, allowing us to capture additional market share and to grow our top and bottom lines.”

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name “Regional Finance” in 368 branch locations across 12 states in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States, as of June 30, 2021. Most of its loan products are secured, and each is structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally-managed direct mail campaigns, digital partners, retailers, and its consumer website. For more information, please visit www.RegionalManagement.com.

Forward-Looking Statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent Regional Management Corp.’s expectations or beliefs concerning future events. Forward-looking statements include, without limitation, statements concerning financial outlooks or future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. Such forward-looking statements speak only as of the date on which they were made and are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of Regional Management. As a result, actual performance and results may differ materially from those contemplated by these forward-looking statements. Therefore, investors should not place undue reliance on forward-looking statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in forward-looking statements include, but are not limited to, the following: risks related to Regional Management’s business, including the COVID-19 pandemic and its impact on Regional Management’s operations and financial condition; managing growth effectively, implementing Regional Management’s growth strategy, and opening new branches as planned; Regional Management’s convenience check strategy; Regional Management’s policies and procedures for underwriting, processing, and servicing loans; Regional Management’s ability to collect on its loan portfolio; Regional Management’s insurance operations; exposure to credit risk and repayment risk, which risks may increase in light of adverse or recessionary economic conditions; the implementation of new underwriting models and processes, including as to the effectiveness of new custom scorecards; changes in the competitive environment in which Regional Management operates or a decrease in the demand for its products; the geographic concentration of Regional Management’s loan portfolio; the failure of third-party service providers, including those providing information technology products; changes in economic conditions in the markets Regional Management serves, including levels of unemployment and bankruptcies; the ability to achieve successful acquisitions and strategic alliances; the ability to make technological improvements as quickly as competitors; security breaches, cyber-attacks, failures in information systems, or fraudulent activity; the ability to originate loans; reliance on information technology resources and providers, including the risk of prolonged system outages; changes in current revenue and expense trends, including trends affecting delinquencies and credit losses; changes in operating and administrative expenses; the departure, transition, or replacement of key personnel; the ability to timely and effectively implement, transition to, and maintain the necessary information technology systems, infrastructure, processes, and controls to support Regional Management’s operations and initiatives; changes in interest rates; existing sources of liquidity may become insufficient or access to these sources may become unexpectedly restricted; exposure to financial risk due to asset-backed securitization transactions; risks related to regulation and legal proceedings, including changes in laws or regulations or in the interpretation or enforcement of laws or regulations; changes in accounting standards, rules, and interpretations and the failure of related assumptions and estimates, including those associated with the implementation of CECL accounting; the impact of changes in tax laws, guidance, and interpretations, including the timing and amount of revenues that may be recognized; risks related to the ownership of Regional Management’s common stock, including volatility in the market price of shares of Regional Management’s common stock; the timing and amount of future cash dividend payments; and anti-takeover provisions in Regional Management’s charter documents and applicable state law. The COVID-19 pandemic may also magnify many of these risks and uncertainties.

The foregoing factors and others are discussed in greater detail in Regional Management’s filings with the Securities and Exchange Commission. Regional Management will not update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments, or otherwise, except as required by law. Regional Management is not responsible for changes made to this document by wire services or Internet services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005781/en/

Investor Relations

Garrett Edson, (203) 682-8331

[email protected]

KEYWORDS: United States North America South Carolina

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Posted on September 7, 2021 4:18 pm

Fortive to Present at the Morgan Stanley Virtual 9th Annual Laguna Conference

Fortive to Present at the Morgan Stanley Virtual 9^th Annual Laguna Conference

EVERETT, Wash.–(BUSINESS WIRE)–
Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that President and Chief Executive Officer, James A. Lico, and Senior Vice President and Chief Financial Officer, Chuck McLaughlin, will be presenting at the Morgan Stanley Virtual 9^th Annual Laguna Conference on Wednesday, September 15, 2021 at 11:15 a.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.

ABOUT FORTIVE

Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments – Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions – include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 17,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System. For more information please visit: www.fortive.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005779/en/

Griffin Whitney

Vice President, Investor Relations

Fortive Corporation

6920 Seaway Boulevard

Everett, WA 98203

Telephone: (425) 446-5000

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Data Management Engineering Technology Logistics/Supply Chain Management Transport Manufacturing Software

MEDIA:

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E2open to Participate in Upcoming Virtual Investor Conferences

AUSTIN, Texas–(BUSINESS WIRE)–
E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of cloud-based, mission-critical, end-to-end supply chain management platform, today announced its participation at four upcoming investor events.

Michael Farlekas, chief executive officer, and Jarett Janik, chief financial officer, plan to present at the following:

• Deutsche Bank’s Virtual Technology Conference on Thursday, September 9, 2021 at 8:30 a.m. Eastern Time.
• Jefferies Virtual Software Conference on Tuesday, September 14, 2021 at 1:30 p.m. Eastern Time.
• Bank of America Securities Virtual Industrial Software & Automation Summit on Tuesday, September 21, 2021 at 12:00 p.m. Eastern Time.
• The Baird Commerce Technology Symposium on Tuesday, October 19, 2021 at 9:00 a.m. Eastern Time.

Each event will be webcast live, and an archive of the presentations will be available for a limited time under the “Events and Presentations” section on the Company’s investor relations website at www.e2open.com.

About E2open

At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. E2open is changing everything. Demand. Supply. Delivered.^TMVisit www.e2open.com.

E2open and the E2open logo are registered trademarks of E2open, LLC. Demand. Supply. Delivered. is a trademark of E2open, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005765/en/

Investor Contact

J. Adam Rogers

E2open

[email protected]

515-556-1162

Media Contact

WE Communications for E2open

[email protected]

512-527-7029

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Software Networks Data Management Technology Supply Chain Management Logistics/Supply Chain Management Transport Retail

MEDIA:

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